As a trusted fiduciary partner in Nigeria’s capital market, UTL Trust Management Services Limited continues to support transactions that mobilize long-term capital for productive and developmental purposes.
UTL Trust Management Services Limited serves as Joint Trustee to the Bank of Industry’s (BOI) ₦274.1868 billion Series 1 Development Bond, a 17.60% five-year fixed-rate bond due in 2031.
The transaction marks a significant milestone in the mobilization of long-term naira capital to support Nigerian businesses, strengthen productive capacity, create jobs and deepen local value chains.
Originally offered at ₦250 billion, the bond was oversubscribed and subsequently increased to ₦274.1868 billion, reflecting strong institutional demand and continued investor confidence in Nigeria’s domestic capital market.
The transaction further underscores the importance of the capital market in mobilizing long-term funding for productive and developmental activities across the Nigerian economy.
Representing UTL Trust Management Services Limited at the signing ceremony were the Managing Director and Chief Executive, Olufunke Aiyepola (Mrs.), and Executive Director, Operations, Olaide Omotoro (Mrs.)
As Joint Trustees, UTL Trust Management is pleased to contribute its fiduciary expertise to a transaction that supports the mobilization of capital for productive purposes and contributes to the continued development of Nigeria’s financial ecosystem.
We congratulate the Bank of Industry and all parties involved on the successful completion of this significant transaction.